Okex, CME and FTX Fast Tracks Launch of Bitcoin Options Trading this Week

By Nivesh Rustgi
Published January 11, 2020 Updated January 14, 2020
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Okex, CME and FTX Fast Tracks Launch of Bitcoin Options Trading this Week

By Nivesh Rustgi
Published January 11, 2020 Updated January 14, 2020

Bitcoin Futures market on CME began at the peak in its price on 18th December 2017. Almost two years after that, the derivatives exchange is now rushing towards launching options trading as well. CME moves to launch the options market on its futures contracts as early as Monday, next week.

Moreover, there are other big players in the crypto markets doing the same.

cme options market
CME Options Market Specifics (Source)

FTX announces a release in less than 24 hours as to capture the hype of the moment. SBF, the CEO of FTX Exchange and with Alameda research tweeted,

FTX is planning to launch options in the next 24 hours!

As reported earlier on CoinGape, Okex had also announced the launch of the Okex Options to compete with Bakkt in the race. Subsequently, on 9th January 2019, the exchange released the product.

The options contracts are similar to futures market except the invariability in time of closing of the contracts increases the amount of speculation on the asset.

The launch of the regulated futures market marked the end of the bull run in 2017. Nevertheless, currently, the price is at the brink of another parabolic run. Of course, the accumulation and consolidation periods could extend further given the number of active traders in the market.

While the immediate effect on price can be arbitrary, the launch of options across various platforms at the same time signal growth of crypto assets.

LedgerX Co-Founder, Zach Dexter also tweeted after recently re-joining the management team that,

@ledgerx will recommit to the core platform experience, focus on launching additional derivatives products and tradable assets, and drive retail adoption by letting our customers do more with bitcoin on mobile and on the platforms where they already trade
The exchanges and derivatives market are the back-bone of crypto assets at the moment. Moreover, they are one of the few entities that generate a strong revenue in the industry. Traditional players in the market will be deeply enthusiastic of the options market as the exchanges will look to offer larger liquidity and better prices.
How soon do you think Huobi, Bitfinex, Binance, BitMEX and so on will launch their products? Please share your views with us. 

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Nivesh Rustgi
1181 Articles
Nivesh from Engineering Background is a full-time Crypto Analyst at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on Twitter at @nivishoes or mail him at nivesh(at)coingape.com

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